From a compliance perspective, anti-money laundering programs have always drawn special attention. AML was recently highlighted by FINRA in its first-ever consolidated exam findings report ...
FINRA has released its 2018 regulatory and examination priorities letter. The 10-page letter includes new topics as well as ongoing focus areas. Fraud, high-risk firms ...
Often lost in the shuffle when FINRA releases its annual regulatory and examination priorities letter is the regulatory component of the guidance. While the 2018 ...
Taking a step to ensure its security-based swaps rules don’t hamper the market, the SEC issued a new final rule declaring that a broker’s research ...
FINRA released Jan. 3 timely FAQs for rules relating to the financial exploitation of seniors that kick in on Feb. 5 (BD Watch, Apr. 7, ...
A significantly flawed e-mail review system at Raymond James Financial Services allowed millions of e-mails over a nine-year period to evade “meaningful” review, according to ...
FINRA is proposing a “streamlining” of rules covering outside business activities, responding to long-standing industry concerns, as well as a separate plan to strengthen its ...
Displaying inaccurate research ratings for over 1,800 equity securities during a nearly five-year period has led to a $5.5 million fine for Citigroup Global Markets. ...
Beware legacy systems acquired in acquisitions. A legacy system from Bear Stearns Securities employed by J.P. Morgan and replete with design flaws and coding and ...
Top officials at SIFMA are increasingly confident that the SEC will develop its own fiduciary rule proposal that will not conflict with the Department of ...